H.R. 4478
Lets more small banks be examined less often
Raises the size limit so more small banks that are well-capitalized and well-managed can be examined less often by federal regulators.
- Raises the asset limit for less frequent exams from under $3 billion to under $6 billion
- Banks must be well-capitalized and well-managed based on their most recent exam
- Applies to small insured banks supervised by federal banking agencies
Passed the House · Senate's turn